German Chancellor Angela Merkel will meet some of her European Union peers on Sunday to try break a deadlock on migration and head off a possible clash over the bitterly-contested issue at a June 28-29 EU summit.
Merkel will be joined by French President Emmanuel Macron, as well as the leaders of Bulgaria and Austria, among others, to explore how to prevent people from moving around the bloc after they have already claimed asylum in one of the Mediterranean states of arrival.
Such secondary movements are illegal under EU law but have been widespread since immigration to Europe peaked in 2015, when more than a million refugees and migrants arrived from the Middle East and Africa.
The bloc has since been bitterly at odds over how to share out the responsibility of taking care of them.
The eastern EU states led by Poland and Hungary refuse to host some of the new arrivals to alleviate the burden on coastal Italy and Greece and the wealthy countries like Germany where people mostly want to end up.
Immigration figures are now much lower, with only 41,000 sea arrivals so far this year, according to U.N. data.
via CNBC
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019